Prabhudas Lilladher positive on Axis Bank, Yes Bank

Abhijeet Mazumdar, Prabhudas Lilladher is positive on Axis Bank and Yes Bank.

Mazumdar told CNBC-TV18, "We are a bit negative on Axis Bank for the last couple of quarters, largely because it is more driven by the wholesale deposit rates compared to peer brands and also the credit off take, we were not expecting to significantly pick up with the slowdown in the infra segments. But so far this quarters results show that margin pressure has eased off and incrementally if you see